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South Africa Central Bank: “Cryptocurrencies Don’t Meet Requirements For Money”

May 27, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Commentary, Finance, News, Regulation

South Africa is the latest country to try and classify cryptocurrencies as it looks to regulate the industry and generate income tax. According to the country's Central Bank, digital currencies such as bitcoin (BTC) are mere “cyber-tokens” that don't meet the criteria to be categorized as money. South African Cryptocurrency...

Central Bank of Norway to Develop Digital Currency Following Decline in Cash Usage

May 22, 2018 by Pratik Makadiya at Altcoins, Finance, News, Regulation

Prompted by the decline in cash usage, Norges Bank, a central financial institution of Norway, is looking forward to developing its own cryptocurrency. As per Norges Bank’s recent report, dubbed the “Central Bank Digital Currency”(CBDC), plans to act as an alternative to fiat currency to “ensure confidence in money and...

Chinese Authorities: We Have Successfully Shutdown all ICOs and Cryptocurrency Businesses in China

April 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Ethereum, Finance, News, Regulation

China declared total war on its local virtual currency environment by placing a blanket ban on initial coin offerings (ICOs) and cryptocurrencies such as bitcoin and other altcoins, late 2017. Now, the Chinese authorities have declared total victory, stating that all relevant businesses have indeed been crushed. A Close Watch...

Vietnamese PM Directs Ministry to Strengthen Oversight Following Crypto Scam

April 22, 2018 by Kimble Ngo at Blockchain, Business, News, Regulation

The Vietnamese market is under the eye of the government as of late due to a scam which saw a reported VND 150 trillion ($650 million) stolen from local Vietnamese investors on April 8, 2018. Rallying All the Ministries Around New Crypto Directive The Vietnamese firm responsible had its office...

Polish News Hints at Bitfinex, Bitcoin, and Colombian Cartel Connection

April 12, 2018 by Kieran Smith at Altcoins, Bitcoin, Finance, News, Regulation

The Polish media have made a tenuous link between the arrest of two companies on suspicion of money laundering, and the cryptocurrency exchange Bitfinex. The news comes two months after it emerged that Polish Central Bank had funded a social media campaign against crypto. But is this latest scandal another...

India Bans Banks from Dealing With Crypto Businesses, Says it Would Launch its Own Coin

April 7, 2018 by contributor at Altcoins, Bitcoin, Blockchain, News, Regulation

In a startling move, the Reserve Bank Of India (RBI) virtually banned cryptocurrencies on April 5, 2018, as they passed a mandate which bars banks and regulated financial institutions from providing services to any individual or business dealing in digital currencies. Lost, but not Forgotten As part of its move,...

Thailand to Regulate the ICO Industry in Near Future

Thailand Scares off Crypto-related Startups after Unveiling Taxation Measures

April 2, 2018 by Nuno Menezes at Altcoins, Business, Finance, News, Regulation

Thailand’s Finance Minister Apisak Tantivorawong announced on March 27, 2018, that the country’s military regime is planning to tax cryptocurrency. The move is creating uncertainty in a region which is promoting Singapore to stay ahead and take control of the leadership in the sector. Cutting out a Slice of the...

Central Bank of Malaysia Strikes Coinzer ICO for Exploiting Their Logo

March 19, 2018 by Pratik Makadiya at Altcoins, News, Regulation

The Central Bank of Malaysia, Bank Negara Malaysia (BNM), officially flagged a Malaysian ICO ‘Coinzer’ on March 11, 2018, for using their logo and Jata Negara, the Malaysian Coat of Arms, on their proposed token. The BNM has cautioned customer and asked them to disassociate with the coin. Coinzer Exploits...

European Central Bank discusses the potential of a Central Bank backed cryptocurrency

March 16, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Commentary, Finance, News, Tech

On March 13, 2018, European Bank Officials discussed the potential of a Central Bank-backed cryptocurrency and how it would challenge the current banking system. Although they believe that existing digital currencies like bitcoin are not the future, they see do seem the financial advancement as ‘an early sign of change.’...

Vladimir Putin: It is Imperative to Regulate Bitcoin and Other Cryptocurrencies

Putin to Legalize Cryptocurrency Markets by July 2018

March 9, 2018 by Andrew O Malley at Blockchain, Mining, News, Regulation

Russia is one of the countries that was massively skeptical about the claims of cryptocurrencies and blockchain technology in the beginning, but it seems that they have now made a convincing shift towards embracing this technology. It was announced that plans are in place for new legislation to be passed...

Russian State Bank to Open Crypto Exchange For Institutional Investors in Europe

February 4, 2018 by Priyeshu Garg at Commentary, News, Regulation

Reports have emerged from Russia that Sberbank, the country’s largest state bank is planning to open a European cryptocurrency exchange platform. Decision to Move According to a report by Russian local media house RBC, the exchange platform will be domiciled at the Sberbank Switzerland AG, the bank’s Swiss branch. In...

Mario Draghi Set to Discuss Blockchain, Cryptocurrencies, and Bitcoin with Young People

January 25, 2018 by Andrew O Malley at Altcoins, Bitcoin, Blockchain, Commentary, News, Regulation

The current president of the European Central Bank (ECB) Mario Draghi is set to conduct a video question and answer session on February 12, 2018, with a select group of young people. Fielding Crypto Questions The questions are currently being determined, with some of them related to whether Mr. Draghi...

Finnish Economists Say Bitcoin Cannot Be Regulated

September 18, 2017 by Liam J Kelly at Bitcoin, News, Regulation

The Bank of Finland published a report on September 5 that heaped praise on the complex infrastructure behind Bitcoin that prevents manipulation from unethical agents. Economic Innovation Economists working for The Bank of Finland, Gur Huberman, Jacob Leshno, and Ciamac Moallemi, affirmed that Bitcoin is truly a revolutionary system of...

Russia and China May Digitize Their Currencies With Ethereum

June 10, 2017 by Joseph Young at Ethereum, News

An increasing number of central banks and governments are working on digitizing their national currencies. China and Russia are investigating the potential of Ethereum as the base protocol for a digital Yuan and Ruble respectively. Currently, the Royal Chinese Mint, the subordinate unit of China Banknote Printing and Minting, is...

Soramitsu and the Central Bank of Cambodia to Develop New Payment Infrastructure Using Hyperledger Iroha

April 22, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

Japanese blockchain startup Soramitsu Co. and the National Bank of Cambodia have announced that they will collaborate to co-develop the open source distributed ledger project Hyperledger Iroha with the aim to build a new payment infrastructure based on blockchain technology. Hyperledger Iroha is an open-source software framework and part of...

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